This category of insurance includes personal accidents covers, mortgage protection, funeral insurance covers, group life assurance, credit life covers, and education policies. Personal accidents policy covers accidental death or bodily injury to the insured persons and the named immediate family members. Mortgage protection policy covers borrowers in the event that they die or suffer permanent disability within the mortgage repayment period. Funeral expense policy covers funeral expenses, Group life assurance covers against members’ death while in service before retirement date in accordance with benefits specified in the policy, Credit life covers a borrower's debt in case the borrower dies while Education Policy is designed to pay school fees for a child by providing anticipated annual payments during pre-specified periods during the term of the cover, and a maturity benefit at the end of the policy term.
